Buy more!!!! Take advantage of opportunities presented. At 3.50 SIRI ran too quick, this pull back is very healthy. Whats interesting is that there is a remarkable amount of support here above 3.10 after it hovered around 2.15 - 2.30 for a very long time. Could be gearing up for another run towards the end of this qtr and into 2Q04...In the meantime, dont over react, and if you have nothing intelligent to say then dont post!!!
if it dips, then buy.. and buy more. your not chasing the titanic to the bottom of the sea floor! many many more people knew of xmsr way before the siri started get noticed. there will be two dogs in every fight. ask yourself on question, do you invest in quality or quantity over time? i agrre that it is scary to see the kind of volatility that this stock has, but it only goes to show that it is obviously much more than noticed now! i thought that sat rad was the greatest until i found out how crappy xmsr is... i have seen the diff betw them and know that siri will take over due to better quality!
You are so screwed. This stock will not hit the two's.... A s a matter of fact-- The basic reason for the Bank of NY deal was to cap. on the increased growth over the last quarter. If you look closely-- you will notice that the Puts expire and they got hosed. Which will also be offset by the continued Institutional buying. In short.... the upward trend is very likely based on aggresive strategic planning. If for some reason they secure another line of credit based on a substantial increase in stock value-- Shorts will have to cover between 3 and 4.5... the increase to the stock should place the value at 7.5 within a four month period-- worst case is the stock dipping for a couple of sessions before subs' are announced... however -- considering that most electronic stock hardware has sold out-- which was at the 420k range.... you are looking at 500k subs within a month.